the 200 day Simple moving average was recovered and most importantly the 7500 level was retaken

the below chart is the 5 min chart for yesterday.what a trend!!

the last chart is QQQ ETF and before that IWM ETF (russell 2000). Good solid candles but not good volume

Overall the last week action was decisively defeated in one day trading yesterday

IBD says this "Volume in Boeing was more than eight times its average, and it single-handedly accounted for an increase in NYSE volume. Nasdaq volume fell. Advancing stocks led decliners by a 10-3 ratio on the Nasdaq and by nearly 4-to-1 on the NYSE."

"The IBD 50 rose 2.2%, with several stocks rising from pullbacks to their 10-week moving averages."

IBD continues, "On Monday, the Nasdaq composite rose 2% and the S&P 500 index advanced 1.5%, both reclaiming their 200-day moving averages. The Dow Jones rallied 0.7% even with Boeing(BA) falling 5%, though that was well off its 13.5% intraday loss."